JGWPT Holdings (JGW) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
JGWPT Holdings (NYSE:JGW) released its earnings data on Thursday. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.04, Analyst Ratings.Net reports. The company had revenue of $123.50 million for the quarter, compared to the consensus estimate of $65.71 million.
Shares of JGWPT Holdings (NYSE:JGW) opened at 11.30 on Thursday. JGWPT Holdings has a 1-year low of $9.43 and a 1-year high of $19.88. The stock has a 50-day moving average of $11.10 and a 200-day moving average of $13.79. The company’s market cap is $145.6 million.
A number of analysts have recently weighed in on JGW shares. Analysts at Zacks upgraded shares of JGWPT Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $11.30 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of JGWPT Holdings in a research note on Monday, May 19th. They now have a $14.00 price target on the stock, down previously from $20.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of JGWPT Holdings in a research note on Friday, May 16th. They now have a $17.00 price target on the stock, down previously from $21.00. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. JGWPT Holdings currently has an average rating of “Buy” and a consensus target price of $13.85.
JGWPT Holdings Inc is a direct response marketer that provides liquidity to its customers by purchasing structured settlement, annuity and lottery payment streams, as well as interests in the proceeds of legal claims, in the United States.
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